Autos, Retail, Factory Orders on Tuesday's Economic Calendar

Includes: DIA, QQQ, SPY
by: optionMONSTER

By Bryan McCormick

In addition to the regular weekly retail reports, today's calendar will include data on auto sales and factory orders that could move markets. Motor Vehicle Sales, which are released individually by each company, have no fixed timetable and can last from the pre-market through the afternoon.

Ford, General Motors, Toyota, and Honda will be active as each company reveals results. Traders will be paying particular attention to any updates on remediation of supply-chain disruptions caused by the earthquake and tsunami in Japan.

The ICSC/Goldman Store Sales report will be released at 7:45 a.m. ET. There are two parts to the report, the week-over-week and year-over-year comparisons. Most traders focus on the year-over-year number because it is a better indicator of the longer-term trend.

The last week-over-week change came in at a gain of 0.4 percent. The year-over-year data in the previous report showed a gain of 3.2 percent.

Redbook Store Sales will be reported at 8:55 a.m. ET. As with the ICSC-Goldman report, there are two components to watch: the more volatile month-over-month reading and the year-over-year change, which shows the broader trend best.

The last month-over-month change was a gain of 1.2 percent. The previous report's year-over-year data showed a rise of 5.3 percent. Negative numbers in either series would be bearish.

Factory Orders will be released at 10 a.m. ET. Most economists see orders rising by 1.9 percent. Estimates range from a bearish 0.4 percent to a bullish 3.5 percent.